Joint venture between CAD IT and Microsoft to develop Business Intelligence solutions for financial markets

The two companies announce their intention to supply banks and financial companies with innovative and integrated software platforms based on Microsoft .NET technology.

Respect for standards defined by the recent Basel II normative – which lays down guide lines for operational risk, credit and market management to which banking institutions should conform by June 2004 – requires suitable technological infrastructure. The agreement sealed between CAD IT and Microsoft foresees the development of software solutions based on Microsoft. NET platforms, which will guarantee the banks a simpler sharing and integration of data as well as greater information security.